High Value World MasterCard T&E
High Value World MasterCard T&E is the MasterCard Interchange Fee for a high value world mastercard rewards card credit transaction. T&E stands for Travel & Entertainment.
Interchange fee: 2.75% + $0.10
- Card accepted at T&E location, single electronic authorization, transaction settled within 2 days of authorization, Banknet reference number and Banknet date and market specific data required in clearing transaction.
- The sixth position of the approval code must be either an S” meaning participation in MasterCard High Value or “T” meaning participation in MasterCard High Value and MasterCard Product Graduation.